Nifty trades below 22,750 mark; pharma shares rally for 2nd day
Mumbai, Oct. 27 -- The key equity indices traded with minor losses in mid-morning trade on Tuesday. However, the recovery lacked momentum, with the expiry of derivatives contracts on the NSE and the ongoing Q2 earnings season keeping investors cautious. The Nifty traded below the 22,750 mark, reflecting a lack of strong directional cues and continued uncertainty over the near-term market trajectory.
Pharma shares witnessed buying demand for second consecutive trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex declined 145.84 points or 0.20% to 73,460.91. The Nifty 50 index fell 13.65 points or 0.06% to 22,739.55.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index advanced 1.03% and the B...
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